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OML130: Total’s $16bn project mulls 10% oil production

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OML130: Total’s $16bn project mulls 10% oil production

Total Upstream Nigeria Limited has declared plan to add 200,000 barrels per day to Nigeria’s oil production; approximately 10 per cent of the country’s total oil production from its $16 billion Egina field project.
The Egina field was discovered by Total Upstream Nigeria Limited (TUPNI) in partnership with Nigerian National Petroleum Corporation (NNPC), CNPC, CNOOC, SAPETRO and PETROBRAS, in 2003 within the Oil Mining Licence 130 (OML130), some 200 kilometres south of Port Harcourt, Nigeria.

Stating that Egina is the largest investment project currently on-going in the oil and gas sector in Nigeria, the TUPNI said in a statement at the weekend that the overall progress of the project stood at 88 per cent and a key milestone was achieved on October 31 2017 as the Floating, Production, Storage and Offloading unit (FPSO) started its journey to Nigeria. The project is expected to be completed in Q4 – 2018, within the initial budget of 16 Billion USD.

“Being the first major deep-water development project launched after the enactment of the Nigerian Oil & Gas Industry Content Development (NOGICD) Act of 2010, Egina has the highest level of local content of any such project in Nigeria.

“As operator of the Egina project, Total Upstream Nigeria Ltd fully identifies with government aspirations for Nigerian Content and has been working closely with the Nigerian Content Development Monitoring Board (NCDMB) and Nigeria National Petroleum Company (NNPC) to maximise Nigerian Content on the project,” the statement issued by External Relations Manager, Charles Ebereonwu, added.

Key Nigerian Content features of the Egina project, according to the statement, include employment: “24 million man-hours worked in Nigeria (77% of total project workload), equivalent to a workforce of 3,000 persons on average over a period of 5 years; Fabrication: 60,000 tons of equipment to be fabricated in Nigeria; Training: over 560,000 man-hours of human capacity development training across Egina contracts; and Infrastructure: construction of several large-scale new fabrication facilities in Nigeria and upgrade of several existing fabrication yards.”

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